Case Name (Date)

Pelayo et al. v. Kalshi Inc. et al.
25-cv-9913, S.D.N.Y.
(Nov. 2025)


Product/Service

Kalshi


Allegations

Misleadingly marketing itself as a “prediction market” platform when it is actually an unlicensed sports gambling platform

Falsely marketing itself as being legal in all 50 states


Status

Pending



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